Changshu Tongrun Auto Accessory Balance Sheet Health
Financial Health criteria checks 6/6
Changshu Tongrun Auto Accessory has a total shareholder equity of CN¥1.6B and total debt of CN¥460.7M, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are CN¥2.8B and CN¥1.2B respectively. Changshu Tongrun Auto Accessory's EBIT is CN¥271.1M making its interest coverage ratio -214.2. It has cash and short-term investments of CN¥846.6M.
Key information
29.4%
Debt to equity ratio
CN¥460.73m
Debt
| Interest coverage ratio | -214.2x |
| Cash | CN¥846.60m |
| Equity | CN¥1.57b |
| Total liabilities | CN¥1.25b |
| Total assets | CN¥2.82b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603201's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥987.8M).
Long Term Liabilities: 603201's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥259.8M).
Debt to Equity History and Analysis
Debt Level: 603201 has more cash than its total debt.
Reducing Debt: 603201's debt to equity ratio has reduced from 177.5% to 29.4% over the past 5 years.
Debt Coverage: 603201's debt is well covered by operating cash flow (39.9%).
Interest Coverage: 603201 earns more interest than it pays, so coverage of interest payments is not a concern.